Table of Contents
What happened at the Corrib gas field?
The Corrib gas field started pumping gas ashore in December 2015 and will meet about 56% of annual Gas Networks Ireland (GNI) system demands (77% of RoI demand and 38% of Ireland’s max daily demand at the peak of its production) 3,4.
Why was the Corrib gas field built?
The Corrib Gas Project, directed by a consortium of companies led by Royal Dutch Shell, seeks to bring the gas ashore at Glengad in the Barrony of Erris in North West Mayo and to pump the unrefined gas 9km inland through an inhabited area to a refinery located on a boggy hill where it would be cleaned and depressurized …
What are the benefits of the Corrib gas field?
During the operating phase, the Corrib gas field is supporting: Approximately 150 full-time equivalent jobs, with a significant number of these employing local workers. Up to 60% of Ireland’s gas needs, representing an important increase in Ireland’s energy security.
How long will the gas from the Corrib gas field last?
At peak production, Corrib has the potential to meet up to 60 per cent of Ireland’s gas needs and is expected to supply fuel for up to 20 years.
What is a Corrib?
Corrib has multiple meanings. Among the possible ones are: Lough Corrib, a lake in the west of Ireland, north of Galway. River Corrib, a river connecting Lough Corrib to Galway Bay through the city of Galway.
What are the negatives of the Corrib gas field?
| Corrib gas controversy | |
|---|---|
| Date | November 2000 – December 2015 |
| Location | County Mayo, Ireland |
| Caused by | Environmental concerns Lack of public consultation Arrest of protesters Alleged excessive use of force by Gardaí |
| Status | Gas production commences in 2015 Shell withdraws in 2018 Activists continue to oppose the project |
Who owns Irelands oil?
The INPC acquired the Whiddy Island Terminal, destroyed in the 1979 Whiddy Island disaster, in 1985, which it repaired and reopened by 1998. The National Oil Reserves Agency (NORA) was created in 1995 as a subsidiary of INPC and as of 2020 continues to manage Ireland’s strategic oil reserves.
Who owns the Corrib gas field?
Corrib gas project
| Corrib gas field | |
|---|---|
| Operator | Vermilion Energy |
| Partners | Vermilion Energy (56.5%) Canada Pension Plan Investment Board (43.5%) |
| Field history | |
| Discovery | 1996 |
How far out to sea is the Corrib gas field?
The Corrib field is located approximately 83 kilometres off the coast of County Mayo, in 350 metres of water. The distance from the seabed to the Corrib reservoir is a further 3,000 metres.
How much did Ireland sell the Corrib gas field?
In 2021, Vermilion acquired Equinor’s 36.5% stake for $434 million (€382 million), becoming the majority owner of the gas field.
Why Ireland has no oil?
There have been no commercial discoveries of oil to date. Ireland is regarded as a high-risk location in terms of exploration activity and the absence of commercial discoveries in recent years does impact the sector which would benefit greatly from a commercial discovery.
Who owns Corrib gas field?
Equity. The Corrib co-owners are Shell E&P Ireland (operator, 45%), Statoil Exploration Ireland (36.5%), and Vermilion Energy Ireland (18.5%). The water depth in the area is 355m and the gas reservoir is located 11,500ft to 13,000ft below the seabed. Development costs are estimated at around £500m.
Who owns the Corrib gas line?
Until 2018, Royal Dutch Shell was the operator of the project with a 45% ownership stake. In 2018, Shell sold its share of the project to the Canada Pension Plan Investment Board; as part of the transaction, Vermilion Energy became the project’s operator and expanded its ownership share to 20%.
What is the Corrib gas controversy?
The Corrib gas controversy is an ongoing social protest campaign against the Corrib gas project in north-western County Mayo, Ireland. The project involves the processing of gas onshore through Broadhaven and Sruth Fada Conn Bays in Kilcommon.
Where does the Corrib gas pipeline land in Ireland?
The pipeline landfall at the Corrib gas field. The Corrib field is a Triassic gas development in the Atlantic Ocean, situated off the coast of Ireland. It is approximately 50 miles west of the Mullet peninsula in County Mayo and lies in the Slyne Trough in Blocks 18/20 and 18/25.
What is the history of the Corrib gas field?
The Corrib natural gas field was discovered in 1996. It was the first reported commercial natural gas discovery in Ireland since the Kinsale Head gas field was discovered in 1973. The first appraisal well was drilled in 1997. A number of consents and approvals to develop the Corrib Project were issued in 2001.
Which pipeline was used to drill the Corrib gas field?
The pipeline landfall at the Corrib gas field. The Sedco 711 was used to drill the Corrib field. The Corrib field is a Triassic gas development in the Atlantic Ocean, situated off the coast of Ireland. It is approximately 50 miles west of the Mullet peninsula in County Mayo and lies in the Slyne Trough in Blocks 18/20 and 18/25.